NETWEB - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Rating: 4.2

Netweb Technologies (NETWEB) shows a strong short-term setup for intraday trading, driven by momentum, volume, and technical strength. However, caution is advised due to recent institutional selling and high valuation.

🔍 Technical & Momentum Overview

Indicator Value Interpretation

RSI 68.3 Approaching overbought zone—momentum strong but watch for reversal

MACD 49.7 Bullish crossover with strong momentum

Volume 1.09 Cr Massive spike vs 1-week average—indicates active participation

Price vs DMA ₹2,135 vs ₹1,875 (50-DMA) Trading well above key averages—bullish trend

FII/DII Change -1.13% / -1.11% Institutional selling—may cap upside

Quarterly Profit +100% growth Strong earnings momentum

✅ Positives for Intraday

Strong ROCE & ROE: 32.4% and 23.9%—excellent capital efficiency.

Low Debt: Virtually debt-free (D/E: 0.01).

Breakout Setup: Price action suggests continuation after recent breakout

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Ichimoku Cloud Support: Recent dip-and-breakout pattern confirms bullish trend

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⚠️ Risks to Watch

High P/E (93.6): Valuation is stretched—may trigger profit booking.

Institutional Exit: FII/DII reduction could pressure price if momentum fades.

RSI Near 70: Overbought territory—watch for reversal signals.

🎯 Intraday Strategy

Action Price Level (₹) Notes

Buy Zone 2,120–2,130 Entry on minor dip with confirmation from volume

Profit Target 1 2,160 Conservative exit on early strength

Profit Target 2 2,190–2,200 Aggressive exit if volume sustains and RSI holds

Stop Loss 2,095 Below recent support and breakout zone

🕒 If Already Holding Today

Exit on Weak Momentum: If RSI crosses 70 and MACD flattens, consider exiting near ₹2,160.

Exit on Volume Spike: If volume exceeds 1.2 Cr and price nears ₹2,200, lock in gains.

Avoid Holding Past Close: Given volatility and stretched valuation, intraday trades are safer than overnight positions.

Want me to scan for similar tech stocks with breakout setups and lower valuations? I’ve got a few up my sleeve.

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dailybulls.in

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www.wavesstrategy.com

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